Urjit Patel

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Urjit Patel on PNB fraud case: RBI angry, but hands are tied

Bank scams: RBI Governor Urjit Patel to appear before parliamentary panel on May 17

RBI Governor Urjit Patel had recently said that the RBI doesn’t have adequate powers to deal with public sector banks.

Urjit Patel, RBI governor, India's monetary policy, India economy, India news, business news, Indian Express news

RBI bi-monthly policy review: Rates unchanged, growth ‘recovering’

The RBI has decided to put in place a system for daily reporting of individual transactions by banks.

RBI monetary policy meet today

RBI leaves repo rates unchanged at 6 per cent

The Reserve Bank of India on Thursday kept rates unchanged at 6 per cent. The six-member Monetary Policy Committee, following a meeting today, noted that growth has been recovering and output gap is closing.

Reserve Bank of India to review Monetary Policy today

RBI Monetary Policy decision today, repo rates unlikely to change

The Monetary Policy Committee, headed by RBI Governor Urjit Patel started its 2-day meeting on Wednesday. The policy is likely to keep key repo rates unchanged.

RBI monetary policy meet today

RBI to keep rates on hold, sound cautious despite easing inflation: report

The Reserve Bank of India is expected to keep interest rates on hold on Thursday for the fourth straight meeting but maintain a cautious tone despite a sharper-than-expected pullback in inflation in the last few months.

RBI monetary policy meet today

RBI likely to maintain status quo as inflation risks weigh

The six-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, is to meet on April 4 and 5. Pressure has been mounting on the Reserve Bank of India (RBI) to cut interest rates in the wake of declining retail inflation and the need to fuel growth momentum.

In wake of PNB fraud, govt hits back at RBI Governor Urjit Patel: Independence is what you do

CEA Arvind Subramanian’s statement comes days after RBI Governor Urjit Patel pointed at the central bank’s helplessness in dealing with public sector banks due to constraints of inadequate legal powers to supervise and manage them.

Urjit Patel on PNB fraud case: RBI angry, but hands are tied

Urjit Patel on PNB fraud case: RBI angry, but hands are tied

Patel said that under the Banking Regulation Act, supercession of the boards of PSBs is not allowed as they are banking companies under the Companies Act. Similarly, the RBI cannot remove the chairman and managing director, and cannot force a merger in the case of PSU banks.

RBI keeps rates unchanged after Monetary policy meeting

Monetary Policy: RBI keeps key rates steady, warns on five levies, fiscal slippage

Unveiling the bi-monthly monetary policy statement in Mumbai, RBI Governor Urjit Patel said “significant and postponed deviations” from fiscal targets would make matters “more challenging” going forward.

Urjit Patel on PNB fraud case: RBI angry, but hands are tied

Monetary Policy Committee minutes: ‘Inflation higher; several uncertainties persist’

There are several risks to the projected inflation trajectory, says RBI Governor Urjit Patel.

‘Reform and recap’ package to favour prudent banks: RBI Governor Urjit Patel

According to Patel, this is to ensure that the money is utilised to strengthen public sector bank balance sheet and “not to sow the seeds for the next boom and bust cycle” of lending.

Recapitalisation aimed more at reforming state-run banks: RBI Governor Urjit Patel

In October, government had announced a Rs 2.11-trillion capital infusion into the NPA-hit public sector banks over the next two years.

Give accountability a chance

Here is a modest proposal to bring about much-needed accountability to the decisions of the RBI (and MPC): Let the RBI governor be questioned by Parliament twice a year

FSDC panel reviews financial events

The panel reviewed the major global, domestic developments which could impinge on India’s financial stability.

Urjit Patel on PNB fraud case: RBI angry, but hands are tied

Recapitalisation monumental step, says RBI Gov Urjit Patel, better banks ahead in line for capital

Of the total of 22 PSU banks, as many as eight currently have gross non-performing assets (GNPA) above 15 per cent while 14 banks have GNPA of more than 12 per cent.